Early Lease Termination Letter out
Lease is sort of a long term contract that is written out while leasing out some property. It is done to make the leasing legal and the parties involved can take action against each other if any dispute arises. It is mostly done while giving out house on lease to tenants. It is necessary to make out a contract so that none of the party suffers from any loss, in case of an early termination of lease.
An early lease termination letter is a formal termination letter that is written by one of the parties involved in a lease agreement to the other, to terminate their lease agreement before its due. The reason may vary from person to person so the letter must state the reason first. Make settlements as per the conditions of the lease termination clause in your agreement so that no dispute arises.
The following is the sample of early lease termination letter.
C-4, Tower Colony,
Date – 4th June, 2017
A-1, Landlord, Tower Colony,
Subject – Lease termination letter.
Dear Mr. Sharma,
Warmest greetings to you, sir. I am writing this letter to inform you regarding my decision of termination the lease agreement before the due date. The lease agreement was signed by me on 4th January, 2014 to live in your rented house for a period of 5 years. However, owing to my own circumstances, I have to terminate the contract.
I recently received call letter from my dream job that is situated in another city. I have to join the office within 2 weeks time, so I am sorry for giving such a short notice, but nothing is in my hand. I shall pay the penalty and as per the agreement, you keep my advanced rent deposit as an added compensation.
You can go through the house to run a check before I leave so that no complaints of house should be there once I am gone as it will be difficult for me to commute back and forth. I shall be staying for the next two weeks. If you have any queries, contact me as soon as possible.
Thank you for the warm stay at this place.
C-4, Tower Colony,